LNG

A Japanese state agency is having its financing and aid rules changed so that companies from Japan can invest in more LNG import terminals in southeast Asia and in trans-shipment stations for Russian volumes.

Novatek, operator of the Yamal LNG plant and lead developer of the Arctic II LNG project, has signed an agreement with Japanese shipping company Mitsui OSK Lines to cooperate on the construction of LNG trans-shipment stations on the Kamchatka Peninsula in the Russian Far East and near the Barents Sea port of Murmansk.